VYGVF - VYGVF STOCK NEWS

Voyager Digital has voluntarily filed for Chapter 11 protection to restructure and maximize stakeholder value. With approximately $1.3 billion in crypto assets, $350 million in customer funds, and claims against Three Arrows Capital of over $650 million, the company aims to resume account access through a proposed reorganization plan. The CEO emphasized the need for decisive action due to market volatility and the default from 3AC on a loan. A new board of independent directors has been appointed to guide the restructuring process.

Voyager Digital Ltd. has announced a temporary suspension of trading, deposits, withdrawals, and loyalty rewards due to challenging market conditions. This decision aims to preserve the value of Voyager's platform while exploring strategic alternatives with various parties. The company has issued a notice of default to Three Arrows Capital for a loan involving 15,250 BTC and $350 million USDC. Voyager is also working with financial and legal advisors to address this situation. As of June 30, 2022, Voyager reported crypto assets of $685,373,000 and total loans of $1,124,825,000.

Voyager Digital Ltd. has announced a notice of default to Three Arrows Capital for failing to repay a loan of 15,250 BTC and $350 million USDC. The company is pursuing recovery and is consulting with legal advisors. Despite this, Voyager continues to operate normally, with approximately $137 million in cash and crypto assets as of June 24, 2022. They have accessed $75 million from a credit line provided by Alameda Ventures, which will help meet customer liquidity demands. The CEO emphasized efforts to strengthen the balance sheet amidst these challenges.

Voyager Digital Ltd. announced a definitive agreement with Alameda Ventures for a US$200 million cash and USDC credit facility to enhance customer liquidity amid market volatility. The credit facility includes a 15,000 BTC revolver, with up to US$75 million available for withdrawal every 30 days. The company holds approximately US$152 million in cash and crypto assets. Additionally, Voyager is pursuing repayment from Three Arrows Capital for loans totaling 15,250 BTC and US$350 million USDC, which have not been repaid as requested.

Voyager Digital Ltd. has signed a non-binding term sheet with Alameda Research to secure a revolving line of credit totaling US$200 million and 15,000 BTC. The credit is aimed at safeguarding customer assets amid current market volatility. The facilities will be available until December 31, 2024, with a 5% annual interest rate. Voyager currently holds over US$200 million in assets, enhancing its financial flexibility. CEO Stephen Ehrlich emphasized the importance of customer asset protection and prudent risk management in response to challenging market conditions.

Voyager Digital Ltd. (OTCQX: VYGVF) provides a risk management update amid changing market conditions. The company emphasizes its transparency and commitment to safeguarding customer assets, stating it maintains a low-risk approach and does not engage in DeFi lending or derivative assets. CEO Steve Ehrlich highlights Voyager's strong capital position and expertise in navigating market cycles, affirming the company's dedication to building secure cryptocurrency products. Voyager aims to enhance trust and leadership within the crypto industry.

Voyager Digital Ltd. (OTCQX: VYGVF) announces updates on its regulatory status regarding the Voyager Earn Program. Following orders from state securities divisions, all states except Kentucky have allowed customers to participate in the program. The company is actively engaging with regulators to find acceptable solutions and remains optimistic about its future. CEO Stephen Ehrlich emphasized the importance of providing rewards to customers amidst economic challenges. Voyager continues to focus on innovation within the cryptocurrency sector.

Voyager Digital Ltd. (TSX: VOYG, OTCQX: VYGVF) announced its participation in several investor events throughout June 2022. Notable conferences include Craig-Hallum's 19th Annual Institutional Investor Conference on June 1, LD Micro Invitational on June 7, and BofA Web3 & Digital Assets Day on June 23. The company aims to increase transparency and cost-efficiency in cryptocurrency trading through its platform, offering over 100 different crypto assets. For detailed updates, investors can visit the provided link.

Voyager Digital Ltd. reported a strong performance in its fiscal 2022 third quarter, with revenue of $102.7 million, up 70% year-over-year. Despite a challenging environment, the company saw user growth with 3.5 million verified users, a 9% increase since the last quarter. However, operating loss widened to $43.0 million compared to an income of $29.8 million in the same quarter last year. The company successfully launched a new debit card and plans to continue enhancing its revenue diversification strategy.